Mace Consult said August 19 has acquired Cost management and projects Turton Bond firm In a movement described as his first strategic acquisition since he turned off from Mace Grou, based on the United KingdomQ, with a new majority investment in the private capital firm Goldman Sachs Alternative.
According to the announcementMace Consult did the agreement covered Buy Turton Bond, based in New York City, to promote operations in the Americas, as it seems to increase the capacity and distinguish itself from their former parent. The terms of the agreement, which closed in the third quarter, were not spread.
Avender Dabasia, CEO of Mace Consult, said that the purchase reflects the “long -term strategy of the company Investing in four lines of service, building our market exposure outside the United Kingdom and our growth in the United States “after having” worked closely “with the members of Turton Bond Chris Bond, Will Turton, Joe Stevens and Darren ended with the agreement in recent months, Dabasia said that the two companies have a “The focus shared in exceptional innovation and delivery.”
With offices in New York City, Houston, San Francisco and Los Angeles, the Turton Bond of 50 employees Technology, data centers and sectors of manufacture and is expected to drive Macely Consult Income for two -digit growth by 2025, according to Growjo, which informed Turton Bond’s income goes to about $ 19.1 million last year.
“We believe that our agile and dynamic approach to cost and projects management, along with our desire to embrace new and emerging technologies, will perfectly fulfill the set and global experience established by Mace Consultants,” said Turton Founding Partners Turton and Bond.
A spokesman for Mace Consult said that the four partners are expected to remain at the end of the acquisition.
Last year, Mace Consultation recorded revenue of $ 859 million, with more than 5,200 throughout Europe, America, Pacific Asia and the Middle East and Africa.
“This transaction is a key milestone in achieving the long -term future of MACE CONTRA, which allows the next phase of growth of our Global Consulting Practice,” he said Mark Reynolds, executive chairman of the MACE group, In a statement of July 23. Dabasia said the firm “It will continue to explore more M&A opportunities to speed up growth in North America.”
